It seems that the sale of Bitcoin, which dominated the majority of weakness, abandoned it, as the BTC price recovered in a range of $ 80,000 to reach the highest level during the day at 85,120 dollars.
Some traders believe that Bitcoin (BTC) was affected by the apostasy, given the extent of visiting some of its artistic indicators. Those who hold this belief warns that once bids are filled near its lowest levels, if new buyers fail to maintain momentum or resume the negative macroeconomic news flow, BTC is likely to reconsider its lowest levels.
Take Highstrike Head of Options and Crypto Trading JJ a different point of view, With reference “Spot Coinbase”, which represents “First Flip of Bids Bidsigning has now been asked since the bottom of September at $ 52,000.”
Bitcoin bids in Coinbase are full. Source: JJ The Janitor
Regardless of Bitcoin’s short -term price, many analysts still say historical data highlights the last clouds as a major purchase opportunity.
On X, Wintermute Jake O Trader He saidand
“For anyone who has a long -term conviction in space, the current separation between location/feelings against the basics did not seem better. The preparation seems similar to August 2024 as the spot fell to less than $ 50,000 on collective squares and I think we will see a significant circulation on the upper side during the next few sessions.”
Crypto Fear & Greed Index. Source: Jake O / X
Related to: Bitcoin rises to $ 84,000 – analysts say BTC’s crash was eventually a purchase signal
From a technical perspective, the legal market analyst, Axel Kibar Described Bitcoin sweeping a level of $ 78,000 as a “sharp re -test”, but he refused to say whether the price has been achieved.
Bitcoin 1 on the day of the graph. Source: a
The momentum and technical merchants should notice that the RSI Daily Daily is still in deep sale lands, and despite the strength of recovery today, the daily candle style is one of the highest levels and lower declines. Failure to create a daily candlestick can generate a higher high sign that the declining trend has not yet been completed.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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